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Economic growth without foreign loans breakthrough for Hungary, says Orban
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Budapest (MTI) – Hungary made an economic breakthrough last year by growing without taking out any foreign loans, Prime Minister Viktor Orban said.
He said for the first time in decades the Hungarian people have “graduated” in a financial sense, and the state, businesses and residents all acted like responsible adults in making mature decisions and delivering on them.
“We are out of the woods and now hungry for some success,” he said at a start-of-year speech at Varkert Bazar on Friday afternoon.
The coming years will be about hard-working people and their needs to make a living, Orban said. This is why tax breaks for two-child families will rise, a home starter subsidy scheme will be launched and career models continued. The pay for family doctors will be hiked, new nurseries built and a new system of vocational training launched, he added. In addition there will be free school meals for children, he added.
Hundreds of thousands of working Hungarians will be helped while keeping economic growth and improving competitiveness, he said.
The service of one’s country comes before any individual ambitions, private or group interests, Orban said.
“We are a community of a people’s party rooted in Christian Democratic values” and governed by the ideals of a civic Hungary, he said. Liberal multiculturalism did not provide answers for today’s most burning challenges facing Europe, he insisted. One of the most important issues was whether it was possible to include people, many of whom are not ready to accept — or in some cases are outright set to destroy — European culture. Another one is whether the spirit of the Cold War can be stopped from returning and whether Hungary can prevent Russia from becoming its enemy again, he said.